BNP Paribas Financial Markets Buys 2,077 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

BNP Paribas Financial Markets lifted its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 9.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,634 shares of the industrial products company’s stock after purchasing an additional 2,077 shares during the quarter. BNP Paribas Financial Markets owned 0.11% of Apogee Enterprises worth $1,688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Endeavor Private Wealth Inc. bought a new stake in Apogee Enterprises during the 4th quarter worth approximately $32,000. New Age Alpha Advisors LLC bought a new stake in Apogee Enterprises during the 4th quarter worth approximately $40,000. Meeder Asset Management Inc. bought a new stake in Apogee Enterprises during the 4th quarter worth approximately $57,000. KBC Group NV grew its holdings in Apogee Enterprises by 46.7% during the 4th quarter. KBC Group NV now owns 1,282 shares of the industrial products company’s stock worth $92,000 after acquiring an additional 408 shares during the last quarter. Finally, Vestcor Inc bought a new stake in Apogee Enterprises during the 4th quarter worth approximately $106,000. 94.05% of the stock is owned by institutional investors.

Apogee Enterprises Stock Up 1.0%

Shares of NASDAQ APOG opened at $41.38 on Friday. The company has a market capitalization of $892.69 million, a P/E ratio of 9.24 and a beta of 0.99. Apogee Enterprises, Inc. has a 52-week low of $38.45 and a 52-week high of $87.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.63. The company’s 50 day moving average price is $44.36 and its 200-day moving average price is $57.96.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Thursday, April 24th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.01). The firm had revenue of $345.69 million during the quarter, compared to analyst estimates of $331.82 million. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 EPS. Equities analysts forecast that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 13th will be given a $0.26 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.51%. Apogee Enterprises’s dividend payout ratio (DPR) is currently 26.80%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Friday, April 25th.

About Apogee Enterprises

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).